Friday 30 September 2016
 
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Opec

Opec hopes to keep a floor on oil prices

Facing the prospect of another sharp fall in oil prices, Opec has finally put forward a measure that they hope will keep a floor on oil prices until the next demand season arrives, said Barclays in a new report. Based on media rep

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Oil prices slip as focus shifts to details of Opec deal

Oil prices slipped on Thursday as investors questioned whether an Opec agreement to curb oil production - the group's first such deal since 2008 - would be enough to rebalance a heavily over-supplied world market. The Organiza

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Oil prices slip as focus shifts to details of Opec deal

Oil prices slipped on Thursday as investors questioned whether an Opec agreement to curb oil production - the group's first such deal since 2008 - would be enough to rebalance a heavily over-supplied world market. The Organiza

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Iraq questions Opec method on oil output estimates

Iraq on Wednesday questioned one of the two methods Opec is using to estimate the oil production of its members, signalling the issue could be a problem for the country to join output limits that the group agreed to start implementing this year.

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Oil prices, stocks up on surprise Opec deal

Oil prices extended gains in Asia on Thursday, boosting stock markets, after Opec members agreed to curb output in a surprise deal, though investors were wary of chasing markets higher as the US presidential election nears. MSCI&#

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Opec agrees oil output cuts in first deal since 2008

Opec agreed on Wednesday modest oil output cuts in the first such deal since 2008, with the group's leader Saudi Arabia softening its stance on Iran amid mounting pressure from low oil prices. "Opec made an exceptional de

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Opec set for no deal as Iran rejects Saudi oil output offer

Iran rejected on Tuesday an offer from Saudi Arabia to limit its oil output in exchange for Riyadh cutting supply, dashing market hopes the two major Opec producers would find a compromise this week to help ease a global glut of crude.

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Oil prices fall as hopes for a deal in Algiers fade

Crude oil futures fell on Tuesday as optimism faded for an output-limiting deal from an oil producer meeting in Algeria to curb one of the worst supply gluts in history. Hopes that Opec oil producers could clinch the deal at the S

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Oil prices slip as hopes for a deal in Algiers fade

Crude futures fell further on Tuesday as optimism faded for an output-limiting deal during an oil producer meeting in Algeria that so far has failed to yield any agreement to curb one of the worst supply gluts in history. Saudi Ar

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Algiers talks are consultative says Al-Falih

Saudi Arabia's Energy Minister Khalid Al-Falih said on Tuesday that talks among Opec and non-Opec oil producers in Algiers this week are consultative, casting doubt on the chances of any policy decision during the meeting. He

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